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Eramet and Vale Canada sign JV agreement on Prony and Pernod nickel deposits

Monday, 7 Apr 2014 02:02am EDT 

Eramet SA:Framework agreement with Vale SA's Vale Canada and New Caledonia's South Province signed on April 5, providing for exploration, study and beneficiation of nickel deposits at Prony and Pernod in south of New Caledonia.Agreement provides for creation of joint venture for project, owned 34 pct by South Province, and 33 pct each by Eramet and Vale Canada.Joint venture to first undertake geological exploration works and technical studies required for improving knowledge on deposits and operation of mine.In case of satisfactory results, one or more industrial processing to be submitted to Province, giving priority to creating synergies with Vale's and Eramet'a affiliates in region (Vale Nouvelle-Caledonie and SLN, respectively) and their existing industrial plants.Hydro-metallurgy project to be developed by both companies under terms of deal, optimizing beneficiation of Prony and Pernod nickel deposits and maximizing economic, social and environmental synergies generated by deposits. 

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